| Product Code: ETC7924713 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to rely on imports for wind power equipment, with significant contributions from China, Hong Kong, Metropolitan France, Canada, and Lithuania. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. However, the industry experienced a sharp decline with a negative compound annual growth rate (CAGR) of -25.81% from 2020 to 2024. The growth rate plummeted further in 2024, showing a substantial decline of -83.17% compared to the previous year. These figures suggest a challenging landscape for wind power equipment imports in Latvia, highlighting the need for strategic considerations and market adaptations.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Wind Power Equipment Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Wind Power Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Wind Power Equipment Market - Industry Life Cycle |
3.4 Latvia Wind Power Equipment Market - Porter's Five Forces |
3.5 Latvia Wind Power Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Wind Power Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Wind Power Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government support and incentives for renewable energy projects in Latvia |
4.2.2 Growing demand for clean energy sources and the shift towards sustainable practices |
4.2.3 Technological advancements leading to improved efficiency and cost-effectiveness of wind power equipment |
4.3 Market Restraints |
4.3.1 High initial investment costs for installing wind power equipment |
4.3.2 Limited grid infrastructure and transmission capacity for integrating wind power into the energy system |
4.3.3 Regulatory challenges and uncertainty surrounding renewable energy policies in Latvia |
5 Latvia Wind Power Equipment Market Trends |
6 Latvia Wind Power Equipment Market, By Types |
6.1 Latvia Wind Power Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Wind Power Equipment Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Wind Power Equipment Market Revenues & Volume, By Rotor/Blade, 2021- 2031F |
6.1.4 Latvia Wind Power Equipment Market Revenues & Volume, By Tower, 2021- 2031F |
6.1.5 Latvia Wind Power Equipment Market Revenues & Volume, By Generator, 2021- 2031F |
6.1.6 Latvia Wind Power Equipment Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Wind Power Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Wind Power Equipment Market Revenues & Volume, By Onshore, 2021- 2031F |
6.2.3 Latvia Wind Power Equipment Market Revenues & Volume, By Offshore, 2021- 2031F |
7 Latvia Wind Power Equipment Market Import-Export Trade Statistics |
7.1 Latvia Wind Power Equipment Market Export to Major Countries |
7.2 Latvia Wind Power Equipment Market Imports from Major Countries |
8 Latvia Wind Power Equipment Market Key Performance Indicators |
8.1 Capacity factor: measures the actual output of wind power equipment compared to its maximum potential output |
8.2 Levelized cost of energy (LCOE): assesses the long-term cost competitiveness of wind power compared to other energy sources |
8.3 Capacity utilization factor: indicates how efficiently wind power equipment is being utilized to generate electricity |
9 Latvia Wind Power Equipment Market - Opportunity Assessment |
9.1 Latvia Wind Power Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Wind Power Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Wind Power Equipment Market - Competitive Landscape |
10.1 Latvia Wind Power Equipment Market Revenue Share, By Companies, 2024 |
10.2 Latvia Wind Power Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |